Issue: Volume 3 Issue 1

The Islamic debt capital market had a tremendous year in 2017. While the corporate Sukuk sector continued its steady climb, giant sovereign Sukuk issuances from Malaysia and Saudi Arabia contributed a combined U$48 billion (61%) to the 2017 total, contributing to an

It’s been a busy start to the year, with deals coming out left, right and center as corporates get cracking on their fundraising strategies for 2018. And with banks seeking to conserve their capital and boost reserves ahead of Basel III implementation

2018 has kicked off with a bang, and the bank lending market continues to remain buoyant with a series of substantial syndicated deals that suggest its continued strength despite fears of declining liquidity as a result of rising interest rates and increased

Major car manufacturers are recognizing the global power of the Muslim dollar, and jockeying to sign up with financing firms to provide exclusively Shariah compliant solutions to their clients in Islamic markets. This trend could benefit corporates, providing competitive deals and flexible

Japan Sukuk framework set to lapse In 2013, Japan issued its J-Sukuk Framework to accommodate Islamic papers by the local Shariah finance and banking industry. However, the regulation contained a sunset clause dictating the terms of tax neutrality, which expires in March

In 2017 the Saudi Arabia Monetary Authority (SAMA) updated the Companies Law to include new wording that seemed to suggest that going forward all private companies raising capital would be required to do so on a Shariah compliant basis. Could this be

In the years following the global financial crisis, investors have remained shy of the credit risk of large-scale projects and banks in particular have been wary of over-exposure. Bank lending for 10+year tenors remains expensive and tenors beyond 15 years can be

In January 2018 oil marketing firm Hascol Petroleum became the first corporate in Pakistan to issue Islamic commercial paper (ICP), with a PKR1.5 billion (US$13.5 million) short-term facility that blazed a new trail for private sector capital raising in the country. ICPs

In December 2016 the World Gold Council and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) launched a new Shariah standard on gold trading which over the past year has unleashed a flood of new products onto the market. Most

This month IFN Corporate speaks to ROMY BUCHARI, the head of syndication and capital markets at Emirates Islamic, who dispenses shrewd advice for corporates looking to raise capital in the current environment. What technical issues do corporates face when switching from bank